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Comtech Telecommunications Corp announces increase in annual target dividend and raises existing stock repurchase program to $100.0 million

Monday, 9 Dec 2013 04:18pm EST 

Comtech Telecommunications Corp:Says its Board of Directors has raised its annual target dividend from $1.10 per share to $1.20 per share and declared a quarterly cash dividend of $0.30 per share, payable on Feb. 19, 2014, to shareholders of record at the close of business on Jan. 17, 2014.Says the dividend is the company's fourteenth consecutive quarterly dividend and represents an increase of 9.1 percent from the previous quarterly dividend paid on Nov. 19.Says its Board of Directors has authorized an increase to its existing stock repurchase program from $50.0 million to $100.0 million.Says repurchases under this stock repurchase program may be made in open-market or privately negotiated transactions and may be made pursuant to SEC Rule 10b5-1 trading plans. 

Company Quote

0.64 +1.83%
20 Oct 2014